HSBC is scheduled to launch its monetary report card for the third quarter at midday Hong Kong/Singapore time on Monday.
Analysts count on the Asia-focused financial institution to report one other quarter of revenue features as the worldwide economic system recovers from a stoop brought on by the Covid-19 pandemic.
HSBC’s reported pre-tax revenue for the third quarter is forecast to leap 22.8% on yr to $3.776 billion, based on analyst estimates compiled by the financial institution.
Income is predicted to develop by 3.1% on yr to $12.3 billion, based on the estimates.
Traders will likely be trying ahead to the financial institution’s announcement on dividends and plans for share buybacks, mentioned Jackson Wong, asset administration director at Amber Hill Capital.
“A lot of things are going on in the markets right now that they would have to show that they have confidence in the future,” Wong instructed CNBC’s “Street Signs Asia” forward of HSBC’s incomes launch.
HSBC shares in Hong Kong have been down by round 0.3% in early commerce Monday.
